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VMariaS [17]
3 years ago
13

________ is the ability of a country to produce a specific good at a lower opportunity cost than its trading partners.

Business
1 answer:
Maslowich3 years ago
3 0
Comparative advantage
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D. All of the above.

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At full employment, the unemployment rate will be above zero percent. The reason is that the economy will always have as frictional unemployment. Frictional unemployment is the time it takes for an individual to find their ideal job. Structural and frictional unemployment contribute about 2 to 3 percent of unemployment in the economy. Economists thus consider a 3  percent unemployment as full employment.

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